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Cryptopotato
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FTX Sues Binance and Former CEO Changpeng Zhao, Seeks $1.8 Billion: Report
- FTX has filed a lawsuit against Binance and its former CEO Changpeng Zhao, seeking to retrieve $1.8 billion.
- FTX alleges that the funds were fraudulently transferred by its former CEO, SBF, to Binance and its executives.
- The lawsuit claims that FTX and Alameda Research were insolvent, making the transfer fraudulent.
- FTX's current leadership also accuses CZ of making false and misleading tweets that accelerated the collapse of the exchange.
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Coinpedia
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Image Credit: Coinpedia
Crypto News Today: Why Is FTX Demanding $1.8 Billion from Binance?
- FTX has filed a lawsuit against Binance and its former CEO, Changpeng Zhao (CZ), to recover $1.8 billion.
- FTX claims the funds were fraudulently transferred by its co-founder, Sam Bankman-Fried, and received by Binance and Zhao.
- The lawsuit accuses Binance of misleading tweets that contributed to the panic and withdrawal surge on the platform.
- The outcome of the lawsuit could have significant consequences for Binance, its executives, and the cryptocurrency industry.
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Crypto-News-Flash
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Beta Version of OpenSea V2: New Features for Active NFT Traders
- OpenSea's V2 update introduces rewards for liquidity providers and loyal users, enhancing engagement.
- New OpenSea V2 features include revamped UI, leaderboard rewards, and retroactive bonuses for past user activity.
- Enhanced interface highlights top collections and wallet activity, improving trading streamlining and discovery experience.
- OpenSea V2 loyalty program and retroactive rewards boost engagement and strengthen platform loyalty.
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Crypto-News-Flash
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Pendle Team Transfers Over 2M Tokens to Binance in Major Move
- The Pendle team has transferred 2.025 million tokens to Binance.
- The recent transactions included 1.4 million PENDLE tokens valued at $7.74 million.
- BitMEX founder Arthur Hayes returned to PENDLE market activity, moving 350,010 tokens to Binance and Bybit.
- Upbit, the largest crypto exchange in South Korea, has added new trading pairings for PENDLE, offering new opportunities for investors.
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Crypto-News-Flash
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Binance Labs Invests in BIO Protocol’s DeSci Movement
- Binance Labs has invested in BIO Protocol’s decentralized science (DeSci) movement.
- The investment aims to expand BIO Protocol’s BioDAO ecosystem, fostering collaboration in areas like cryopreservation and mental health therapies.
- BIO Protocol uses blockchain to transform funding and commercialization of early-stage scientific research, allowing researchers, patients, and investors to jointly fund and develop novel medical treatments.
- The investment from Binance Labs will support the growth of BioDAOs and the development of an autonomous infrastructure for innovative research.
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Bitcoinist
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The $12.1 Billion Trump Effect: Binance’s Changpeng Zhao Cashes In Big
- Former Binance CEO Changpeng Zhao's wealth grew by $12.1 billion in 24 hours.
- The growth is attributed to the positive outlook on cryptocurrency due to Trump's election victory.
- Binance and Zhao are benefiting from the surge in market activity among digital assets.
- Despite stepping down as CEO, Zhao retains the largest share in Binance and has no plans to sell it.
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Medium
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*GCGL Token by Ubitex*
- UbitEx has launched GCGL token, an equity token aimed at giving users equity-like benefits within the UbitEx ecosystem.
- GCGL represents a stake in the broader UbitEx network and is part of a strategic move called a Reverse Takeover (RTO).
- Understanding GCGL's tokenomics is essential to recognizing its potential value.
- Total supply of GCGL tokens is set at 300 million, representing 30% of Golden Rock Global plc’s stocks.
- Holding GCGL means owning a share of UbitEx’s value, thanks to its equity-like structure.
- The number of GCGL tokens you are eligible to buy depends on the amount of UB staked and the staking duration.
- Following November 18th, the GCGL staking program officially launches with a 1:10 staking ratio.
- GCGL is projected to rise to $1 per token, and the token is expected to be listed on other major exchanges soon.
- Remember to approach this opportunity with caution, as the crypto market is highly volatile, and investments are inherently risky.
- Now could be a great time to consider GCGL if it aligns with your financial goals.
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Medium
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Month in Review — October 2024
- Stats from October’s raffles: 124 Ticket Raffles, 54 Regular Raffles
- Honeyland is in the finals of Game3s.gg People’s Choice award
- Cocarro Breeding and Hatching Began
- November Raffles will include items helpful for mastering Cocarro
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TheNewsCrypto
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Binance Awarded Asia’s Top FinTech Innovator of 2024 by Fortune
- Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has been awarded Asia’s Top FinTech Innovator of 2024 by Fortune.
- The ranking highlights Binance's position as a leader in the digital assets industry, with over 238 million users worldwide and being the biggest blockchain ecosystem by registered users and trading volume.
- Binance has secured regulatory permissions in multiple Asian countries and remains committed to delivering innovative fintech solutions tailored to the region's unique needs and opportunities.
- The full list of Fortune's 2024 Asia FinTech Innovators can be accessed on Fortune's website.
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Altcoinbuzz
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Lamborghini Brings NFTs to Base with Fast ForWorld
- Lamborghini has created Fast ForWorld, an immersive hub for motorsport enthusiasts.
- Fast ForWorld allows fans to experience the world of Lamborghini through activities and games.
- Fans can mint a unique digital Lamborghini model called 'Revuelto' to use in racing games within The Motorverse.
- Fast ForWorld also offers a community space for motorsport fans to connect, chat, and share their love for Lamborghini and racing.
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Medium
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Top Trends in NFT Development You Should Know About
- NFTs are unique digital assets verified using blockchain technology.
- Artificial intelligence is being integrated into the NFT space, enhancing user engagement and personalized experiences.
- Representing physical assets as NFTs allows for transparency and fractional ownership, expanding the market.
- Utility NFTs grant access to exclusive content and services, appealing to a wider audience.
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Crypto-News-Flash
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Binance Expands Smart Arbitrage to Include XRP and DOGE, Driving Rally Hopes
- Binance expands Smart Arbitrage to include XRP and DOGE, driving rally hopes.
- Binance announced the expansion of its Smart Arbitrage offerings to include Ripple (XRP) and Dogecoin (DOGE).
- Smart Arbitrage allows traders to use price differences between futures and spot markets to their advantage.
- Binance also launched a promotional campaign with a total prize pool of 45,000 USDT.
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Crypto-News-Flash
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Proof of Reserves: Binance Shows $120B Coverage Across 34 Tokens
- Binance has released its 24th Proof of Reserve (PoR) report, showcasing a reserve of 34 tokens with a total value of over $120 billion.
- The report highlights a significant increase in user-held assets for key coins such as BTC and ETH.
- Binance has incorporated zk-SNARKs, a privacy-enhancing technology, into its PoR system to ensure accurate verification and protect user data.
- These developments aim to build customer confidence and establish Binance as a secure platform for asset management.
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NullTX
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CryptoPunks Leads October 2024 NFT Market, Bored Ape Yacht Club Sees Further Decline
- CryptoPunks continues to dominate the NFT market with a 30.9% share.
- Bored Ape Yacht Club's market share has declined to 12.8% in October 2024.
- Pudgy Penguins has experienced significant growth, commanding a 9.5% market share.
- Other collections like Azuki, Autoglyphs, Nodemonkes, Milady Maker, Bitcoin Puppets, and Chromie Squiggles also capture market share.
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Hackernoon
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Voting Starts for the ftNFT YoCerebrum Awards 2024!
- The ftNFT YoCerebrum Awards 2024 invites everyone to participate in the final voting phase.
- The voting period runs from November 6-10, 2024.
- During this period, NFT enthusiasts and the wider community will have the opportunity to cast their votes via the blockchain.
- The awards will honor talent across 15 categories, including NFT Project of the Year and Most Innovative NFT Collection.
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